M/S PAZHAYANGADI G GOLD,KANNUR vs. ITO WARD 1 & TPS, KANNUR

In the result, the appeal by the assessee is dismissed

Bench: Shri Inturi Rama Rao & Shri Sandeep Singh Karhailassessment Year : 2018-19 Pazhayangadi G Gold, Ito, Ward-1& Tps, Eazhome Pazhayangadi, Kannur Kannur-670303 Vs. Pan : Aaufp9485G (Appellant) (Respondent) For Assessee : Shri Arun Raj S. Adv. For Revenue : Shri Sanjit Kumar Das, Cit-Dr (Heard In Hybrid Bench) Date Of Hearing : 25-03-2025 Date Of Pronouncement : 27-05-2025 O R D E R

68 of the Act. Thus, we are of the considered view thatthe penalty proceedings under section 270A of the Act were rightly dropped by the AO. 12

BHIMA JEWELLERS,SULTHAN BATHERY, WAYANAD vs. THE PR CIT, KOZHIKKODE, KOZHIKKODE

In the result, appeal of the assessee is dismissed

Bench: S/Shri Chandra Poojari, Am & George George K., Jm I.T.A. No.208/Coch/2018 Assessment Year : 2013-14 M/S. Bhima Jewellers, Vs. The Pr. Commissioner Of Income- 6/785 Ai, Tax, Kozhikode. Mysore Road, Chungum Junction, Sulthan Bathery, Wayanad-673 592. [Pan: Aakfb 9817C] (Assessee-Appellant) (Revenue-Respondent) Revenue By Shri Dhanaraj A. Sr. Dr Assessee By Shri R. Krishnan, Ca Date Of Hearing 05/07/2018 Date Of Pronouncement 20/08/2018

68 are assessable under a known source or head of income as enumerated under section 14. If they are so assessable under a head of income specified in section 14, they would then and then only need to be set off against the loss from other heads of income in terms of section 71. Chapter

M/S.SAHYADRI AGENCIES LTD,KANDNASSERY, THRISSUR vs. THE ITO, WD-1(3), THRISSUR

In the result, the appeal filed by the assessee is dismissed

Bench: Shri Chandra Poojari, Am & Shri George George K, Jm

68 of the I.T.Act, as regards the issue of 30 lakh OPCCPS of Rs.10 each fully paid up amounting to Rs.3 crore along with security premium of Rs.57 crore to Sri.M.P.Ramachandran. (one of the Directors of the assessee-company). The procedure for assessment is mentioned in Chapter XIV of the Income-tax Act. The concept of limited scrutiny and complete

SREE ANJANEYA MEDICAL TRUST,KOZHIKODE vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE 2 (1), KOZHIKODE

In the result, the appeals filed by the assessee are allowed

Bench: Shri Waseem Ahmed & Shri Soundararajan K.Sree Anjaneya Medical Trust Acit, Circle - 2 17/501X-1, Kanchas Building Aayakar Bhavan Opp. Indoor Stadium Mananachira Vs. Rajaji Road, New Bus Stand Kozhikode 673001 Kozhikode 673004 [Pan: Aahts3844B] (Appellant) (Respondent)

12-2008 which was granted in the year 2008 w.e.f. A.Y. 2009-10 as per the direction of Hon’ble Kerala High Court dated 29-03-2016. Though, the assessment order was passed by the AO as on 28-02-2013 which is prior to the date of order of the Hon’ble Kerala High Court based on which registration

M/S.PERRORKADA SERVICE CO-OP BANK LTD,TRIVANDRUM vs. THE ITO, TRIVANDRUM

In the result, the appeal of the Revenue in I

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

68,89,029/- rejecting the claim of deduction made u/s. 80P(2) of the Act while treating the same as income from other sources. According to the AO the said amount of interest is liable to be taxed under the head income from other sources since the assessee-Society has invested the surplus fund as an ordinary investor. According

M/S.PERRORKADA SERVICE CO-OP BANK LTD,TRIVANDRUM vs. THE ITO, TRIVANDRUM

In the result, the appeal of the Revenue in I

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

68,89,029/- rejecting the claim of deduction made u/s. 80P(2) of the Act while treating the same as income from other sources. According to the AO the said amount of interest is liable to be taxed under the head income from other sources since the assessee-Society has invested the surplus fund as an ordinary investor. According

M/S.PEROORKADA SERVICE CO-OP BANK LTD,TRIVANDRUM vs. THE ITO, WD-2(1), TRIVANDRUM, TRIVANDRUM

In the result, the appeal of the Revenue in I

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

68,89,029/- rejecting the claim of deduction made u/s. 80P(2) of the Act while treating the same as income from other sources. According to the AO the said amount of interest is liable to be taxed under the head income from other sources since the assessee-Society has invested the surplus fund as an ordinary investor. According

THE ITO, TRIVANDRUM vs. M/S.PERRORKADA SERVICE CO-OP BANK LTD, TRIVANDRUM

In the result, the appeal of the Revenue in I

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

68,89,029/- rejecting the claim of deduction made u/s. 80P(2) of the Act while treating the same as income from other sources. According to the AO the said amount of interest is liable to be taxed under the head income from other sources since the assessee-Society has invested the surplus fund as an ordinary investor. According

M/S.PEROORKADA SERVICE CO-OP BANK LTD,TRIVANDRUM vs. THE ITO, WD-2(1), TRIVANDRUM, TRIVANDRUM

In the result, the appeal of the Revenue in I

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

68,89,029/- rejecting the claim of deduction made u/s. 80P(2) of the Act while treating the same as income from other sources. According to the AO the said amount of interest is liable to be taxed under the head income from other sources since the assessee-Society has invested the surplus fund as an ordinary investor. According

KOODARANHI REGIONAL AGRICULTURAL WELFARE CO-OP SOCIETY LTD,KOZHIKKODE vs. THE ITO, KOZHIKKODE

In the result, the appeal by the assessee is allowed for statistical purposes and the stay petition is dismissed

Bench: Shri George George K. & Ms. Padmavathy S.

68,076/- since the appellant has filed the return under section 139(4) of the act and made the above claim. 3. The return for the above was filed on 12/03/2020 by claiming deduction under section SOP of the act to an extent of Rs 12

THE KALAKKODU SERVICE CO-OP BANK LTD,KOLLAM vs. THE ITO, KOLLAM

In the result, the appeal filed by the assessee is partly allowed and the stay petition filed by the assessee is dismissed as infructuous

Bench: Shrigeorge George K.And Shrilaxmi Prasad Sahu(Assessment Year:2018-19

Section 68 of the Act. 12. Let us first examine the applicability of the Circular to the case on hand

PEROORKADA SERVICE CO-OP BANK LTD,TRIVANDRUM vs. THE ITO WARD-2(1), TRIVANDRUM

In the result, the appeals filed by the assessee stand dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Prakash Chand Yadav, Jm

section 68 and brought to tax the deposits received from the parties u/s. 68 of the Act. 12. As regards

PEROORKADA SERVICE CO-OP BANK LTD,TRIVANDRUM vs. THE ITO WARD-2(1), TRIVANDRUM

In the result, the appeals filed by the assessee stand dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Prakash Chand Yadav, Jm

section 68 and brought to tax the deposits received from the parties u/s. 68 of the Act. 12. As regards

PEROORKADA SERVICE CO-OP BANK LTD,TRIVANDRUM vs. THE ITO WARD-2(1), TRIVANDRUM

In the result, the appeals filed by the assessee stand dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Prakash Chand Yadav, Jm

section 68 and brought to tax the deposits received from the parties u/s. 68 of the Act. 12. As regards

SRI.THOMAS EAPEN,ALAPPUZHA vs. THE ITO, WD-5, ALAPPUZHA

In the result, the appeal of the assessee is allowed

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

68 of the Act. In other words, the Assessing Officer has not at all rejected the books of accounts of the assessee. Section 44AD provides that where the assessee is engaged in eligible business as proprietor under that section, a sum equal to 8% of the gross receipts shall be deemed to be the profits and gains

THE TRIVANDRUM EMPLOYEES CO-OPERATIVE SOCIETY LIMITED NO. 43,THIRUVANANTHAPURAM vs. THE INCOME TAX OFFICER, THIRUVANANTHAPURAM

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

68 of the Income Tax in respect of deposit accepted from the members. 7. The learned officers erred in invoking the provision of the Section 115BBE of the Income Tax Act which is not warranted in this case. 8. The learned Commissioner of Income Tax (Appeals) erred in concluding that the appellant was not carrying on business of providing

THE TRIVANDRUM EMPLOYEES CO-OPERATIVE SOCIETY LIMITED NO. 43,TRIVANDRUM vs. THE ADDITIONAL JOINT DEPUTY ASSISTANT COMMISSIONER OF INCOME TAX, KOCHI

Bench: Shri Satbeer Singh Godara & Shri Amarjit Singh

68 of the Income Tax in respect of deposit accepted from the members. 7. The learned officers erred in invoking the provision of the Section 115BBE of the Income Tax Act which is not warranted in this case. 8. The learned Commissioner of Income Tax (Appeals) erred in concluding that the appellant was not carrying on business of providing

THE ITO, WD-2(5), THRISSUR vs. M/S.THRISSUR SERVICE CO-OP BANK LTD, THRISSUR

Bench: Shri Chandra Poojari, Am & Shri George George K, Jm

section 80P(2) (a) (i) of the Income-tax Act,1961 without perceiving the difference in definition of a Primary Agricultural Credit Society in the two Acts. 5. The Full Bench of the Hon’ble High Court of Kerala in ITA Nos.97, 135 of 2016, 3, 11, 12, 22, 25, 26, 32, 33, 55, 68